At a Glance
- Tasks: Underwrite construction insurance, assess risks, and support broker relationships.
- Company: Join a leading Construction Managing General Agency with a focus on innovation.
- Benefits: Full-time role with opportunities for professional growth and development.
- Other info: Dynamic work environment with a focus on collaboration and continuous improvement.
- Why this job: Make an impact in the insurance sector while building valuable industry connections.
- Qualifications: Entry-level position; no prior experience required, just a passion for finance and sales.
The predicted salary is between 58540 - 71548 £ per year.
Overview
As a New Business Underwriter within our Construction Managing General Agency (MGA), you will play a pivotal role in supporting the underwriting process for construction-related insurance products.
You will assist in evaluating risks, assessing new business policy applications, and ensuring adherence to underwriting guidelines and regulatory requirements.
Responsibilities
- Underwrite new business opportunities in the construction insurance sector (Casualty, Contractors All Risks, Excess Liability) in alignment with underwriting guidelines, risk appetite, and personal underwriting authority limits.
- Assess risk exposures, policy terms, and pricing to ensure profitability and risk management, and that risks are underwritten in accordance with authority.
- Stay updated on market trends, industry regulations, and emerging risks to adapt underwriting strategy accordingly.
- Support broker strategy and relationships by cultivating and maintaining strong, productive relationships with broker partners to foster a collaborative and mutually beneficial working environment.
- Engage with Casus broker network to understand their needs and objectives and support them in achieving their goals.
- Educate brokers on products, underwriting approach, and risk appetite; collaborate with the business development team to identify and target new broker relationships, expanding the distribution network.
- Act as a liaison between brokers and the senior underwriting team, facilitating communication and addressing enquiries or concerns in a timely manner.
- Collaborate with marketing and sales teams to identify new broker partnerships and opportunities for expanding market presence.
- Participate in broker meetings, presentations, and training sessions to enhance understanding of our products and services and strengthen relationships.
- Gather feedback from brokers regarding market needs, competitive landscape, and customer preferences to inform product development and underwriting decisions.
- Ensure underwritten business aligns with Casus risk appetite and underwriting strategy to deliver a profitable portfolio.
- Provide support with testing, deployment, and ongoing improvements of the underwriting platform; collaborate with IT to gather requirements and prioritize enhancements.
- Actively participate in the development and improvement of underwriting processes, guidelines, and tools; provide feedback to enhance the efficiency and effectiveness of underwriting operations.
- Ensure personal development and completion of minimum CPD hours required under IDD or personal qualification requirements.
Qualifications
- Seniority level: Entry level
- Employment type: Full-time
- Job function: Finance and Sales
- Industries: Insurance Agencies and Brokerages
- #J-18808-Ljbffr
Casualty Underwriter in Southend-on-Sea employer: Casus Underwriting Limited
As a Casualty Underwriter at our Construction Managing General Agency, you will thrive in a dynamic work culture that prioritises collaboration and professional growth. We offer comprehensive training, competitive benefits, and a supportive environment that encourages innovation and continuous learning, making it an ideal place for those looking to make a meaningful impact in the insurance sector.
Contact Details:
Casus Underwriting Limited Recruitment Team
